AscendTMS Acquires LoadPilot, New DOT Truck Parking Rules, & Velocity Vehicles Downgrade | The Morning Minute

Welcome to today's episode of our logistics podcast, where we first discuss how AscendTMS has entered the mergers and acquisitions space with its recent purchase of LoadPilot. InMotion Global's chief executive noted that LoadPilot's operations will soon halt as its loyal user base migrates to the newly acquired system. Next, we explore the implications of new federal guidance from the Department of Transportation regarding commercial truck parking. States must now comprehensively assess their parking capacity in their multimodal freight plans or risk losing vital National Highway Freight Program funding. Finally, we break down the financial troubles brewing for a major truck sales and service provider after Velocity Vehicles saw its debt rating downgraded for the second time in recent months. Both Moody's and S&P Global Ratings cited the company's high debt-to-earnings ratio and a soft truck market as primary reasons for these financial cuts. Follow the FreightWaves NOW Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices